U.S. REIT IPO opens big

The Paramount Group Inc. opened up its REIT IPO at the highest value ever in U.S. real estate at $2.29 billion in mid November.  This will be only the 5th REIT to go public this year compared to 2013 where there were 20 companies. This was huge for U.S. REIT since companies don’t always have an incentive to go public, being that there are safer ways to raise capital, as well as the uncertainty of rising interest rates that may cause investors to go elsewhere. Paramount’s listings include high profile real estate in New York, San Francisco and Washington, which according to shareholders, solidified their investment in the company. The Paramount Group can be found on the NYSE under PGRE. 

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Virginia MacKoul

Virginia is a graduate from the University of Florida's College of Design Construction and Planning with a degree in Sustainability and the Built Environment, and a minor in Urban Regional Planning. Virginia joined the Front Street team in 2011, as an intern. Upon graduation, Virginia joined the Front Street team full-time as the Director of Client Services. Ms. MacKoul’s addition furthers Front Street’s continued growth and expansion within Gainesville and other North Central Florida markets. She was promoted to Director of Marketing in 2014 and now manages the firm’s team of interns and oversees all marketing and branding activity. Virginia was born in Boston and moved to Lee County, Florida in 1997. Virginia graduated her high school's International Baccalaureate program and started at the University of Florida with a focus on Architecture. Virginia shares Front Street's passion of giving back to the community and those in need. Virginia's hobbies include photography, cooking, football, movies, music, and spending time with her dog, Brinkley.

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